For anyone looking to invest their money, the property market is always a tantalising option – but if it’s a holiday home or holiday let that you are after, where do you begin your search?
Well, to get the ball rolling, using data from estate agency Savills, we have found the best locations in the UK where you can buy with a budget of £250,000.
Britain’s so-called “Ocean City” borders the dramatic Dartmoor National Park and is less than an hour’s drive from the golden sands of the South Devon Area of Outstanding Natural Beauty.
House prices in the area have risen by 3.8 percent since 2020 to reach an average £205,016. This means buyers hoping to invest in a holiday home here with a mortgage would need at least £51,000 for a deposit.
But the investment could be worth it as holidaymakers fighting for a slice of sand and sea have been willing to pay more for accommodation in the area.
Matt Edwards, of Bradleys Estate Agents in Plymouth, said holiday rentals on the waterfront were most in demand and prices for sea views were strong.
“Visitors are willing to spend a bit extra to upgrade from a city centre location to a property with a water view, so areas like Plymouth Hoe and the Barbican can demand a premium on Airbnb,” he added.